Prime Corner for Sale 6,626 SF

Retail-Commercial for Sale
Catylist Listing ID: 30833274
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 6,626 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $995,000
Unit Price: $150.17 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2023

Overview / Comments

Great location in the Magnolia retail corridor. City of Knoxville investments are happening in this area. This property is in the Opportunity Zone. At the corner of Magnolia and Cherry Street with traffic counts of 14,273 vehicles per day on Cherry Street and 11,198 vehicles per day on Magnolia. 164' of frontage on Magnolia and 174' of frontage on Cherry Street. Ceiling heights of 12', 2 bathrooms and a loading dock at the rear of the building, gas heat. Tenant improvement allowance is negotiable. Property is also for lease.

Tenant should verify all measurements.

Call Co-Listing Agent, Jennifer Montgomery (865) 406-4364.


Finance Data Year 2019
Real Estate Taxes - Annual($) $10,866 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082JL012
Zoning: C-3
Site Description: Level
Area Description: At the corner of Cherry Street and Magnolia Avenue.
Total Number of Buildings: 1
Year Built: 2003
Construction/Siding: Block
Total Parking Spaces: 37
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Lot Frontage: 164
Lot Depth: 174

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,362 75,954 148,960
Median Age: 37.22 33.73 35.13
Households: 4,049 31,005 63,269


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